Question 4 Not complete Marked out of 150 Flag question Inventory Costing Methods Periodic Method The Lippert Company uses the periodic inventory system. The following uy data are for an item in Lippert's inventory July 1 Beginning inventory 130 units 18 per unit 10 Purchased 150 units 39 per un 15 Sold 160 units 26 Purchased 125 units $10 per unit Calculate the cost of goods sold for July and ending inventory at July 31 using (a) first in, first out, (b) last in, first out, and (c) the weighted average cost methods. Round your final answers to the nearest dollar A First-out Ending Inventory Cost of Goods Sold La stout Ending Inventory Cost of Goods Sold Welded-verage cost Ending Inventory Cost of Goods Sold